Bain Capital to acquire Jensten Group from Livingbridge

Private investment firm Bain Capital has signed a definitive agreement to acquire Jensten Group, a UK commercial insurance broker, from Livingbridge, with the transaction expected to close in Q4 2024, subject to regulatory approvals.

Founded in 1986, Jensten has evolved into a multi-channel distribution platform serving small and medium-sized enterprises across the UK. It operates across retail, wholesale, and managing general agent segments. The company has completed 37 acquisitions to date, including 14 within its own franchise network, and now has over 50 locations with more than 1,000 employees.

The investment is being made through Bain Capital’s dedicated insurance investing platform.

Bain Capital will partner closely with Jensten’s management team to invest in sales and distribution, technology, and operations, aiming to further enhance the company’s client service and drive margin expansion. The plan also includes continuing Jensten’s successful M&A strategy to expand its regional footprint across the UK.

Matt Cannan, a Partner at Bain Capital, commented, “Jensten is a highly respected platform with a national footprint, broad product offering and a proven M&A engine. We believe there is significant potential to accelerate Jensten’s organic growth journey, utilise data for strategic decision making and add further value by leveraging the company’s scale and forming partnerships with insurers.”

Robert Organ, CEO of Jensten Group, added, “We are proud of the business we’ve built with Livingbridge and our teams across the UK. With Bain Capital’s backing and deep sector experience, we’ll continue to attract new talent, expand our product offering, empower our brokers, and strengthen our position as a leading independent broker in the UK market.”

Simon Peet, Partner at Livingbridge, said, “We’ve appreciated the opportunity to support Jensten’s growth journey to a national multi-channel platform with strong M&A capabilities and a scalable operating model. The team has built a business with scale and resilience, and we believe Jensten is exceptionally well-positioned to thrive in its next phase of growth with Bain Capital.”

Jensten Group was advised by Continuum Advisory Partners, Travers Smith LLP, and Deloitte. Bain Capital was advised by Macquarie Capital, Proskauer Rose LLP, Weil, Gotshal & Manges LLP, PwC, and Oliver Wyman. Management was advised by Jamieson Corporate Finance and DLA Piper.